Thomas Jefferson Foundation Inc

Analysis

Thomas Jefferson Foundation Inc is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in April 1985, 41 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Thomas Jefferson Foundation Inc reported income of $35.0m and spending of $42.3m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $69.4m to $35.0m (-50%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Thomas Jefferson Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Griffiss Institute Inc ($34.9m), Science Museum of Minnesota ($35.1m) and Virginia Innovation Partnership Corporation ($34.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $1.1m (2.7% of expenses). Other salaries and wages came to $14.5m. At year end it held assets of $375.2m against liabilities of $44.0m, net assets of $331.2m. It reported 451 employees.